Asset Valuation Services

MIAC is the leading valuation service provider for all mortgage and other fixed-income asset classes in the financial industry today. Using our proprietary valuation software, MIAC Analytics™, and leveraging the firm’s experience of over 30 years, MIAC can assist your institution in understanding the value of any assets or liabilities on your balance sheet.

Experience has never counted more.

33

YEARS

Experience in Asset Valuation and Analytics

3

TRILLION

Whole loans and MSRs valued, hedged, and accounted for monthly

Fair Valuations You Can Trust.

MIAC is a leader in providing mortgage industry participants with state of the art market valuation services on a wide range of mortgage-related assets. The breadth of our valuation expertise is unmatched in the mortgage industry.

MIAC models the future behavior of the asset and generates the monthly cash flows given the current loan characteristics and by applying specific market assumptions. These servicing valuations encompass the entire spectrum of mortgage collateral types including commercial, residential, and home equity. MIAC’s seasoned whole loan pricing process employs the best modeling with an integrated “Triangulation” approach to ensure reliable markets-based valuation for every loan in a portfolio.

MIAC values over $7 trillion annually in seasoned whole loan assets and consumer receivables. Whole loan pricing is bifurcated into two different pricing conventions. Newly created loans are priced relative to TBA MBS prices by adjusting the MBS prices with current and accurate price adjustments.

MIAC prices over $600 billion of whole loans each month for institutions ranging from hedge funds to the Federal Home Loan Banks and Wall Street Dealers. MIAC has the experience and expertise to price both performing and non-performing mortgages, all types of fixed and adjustable loans, subprime loans, home equity loans, and manufactured housing loans.

MSRs

Residential MSRS
Commercial MSRs
Non-QM
Reverse MSRs

Structured Products

Risk Retention
Senior/Sub
RMBS/CMBS
Residuals
Illiquid CMOs

Whole Loans

New & Seasoned
Commercial Loans
Non-Performing & Re-Performing Loans
Second Liens

Other Assets

SBA Loans
Consumer Loans
CFD Loans
Student Loans

Regulatory Compliance

CECL
DFAST
CCAR
Stress Testing

  • MSRs

    Residential MSRS
    Commercial MSRs
    Non-QM
    Reverse MSRs

  • Structured Products

    Risk Retention
    Senior/Sub
    RMBS/CMBS
    Residuals
    Illiquid CMOs

  • Whole Loans

    New & Seasoned
    Commercial Loans
    Non-Performing & Re-Performing Loans
    Second Liens

  • Other Assets

    SBA Loans
    Consumer Loans
    CFD Loans
    Student Loans

  • Regulatory Compliance

    CECL
    DFAST
    CCAR
    Stress Testing

Working with a wide range of customers, governmental and private, MIAC has analyzed and valued more performing and distressed debt assets over the last two years than any other valuation firm. MIAC continuously refines its valuation assumptions based on prevailing market observations.

Valuation Services

MIAC is the leader in asset valuation services and software for pricing and risk management. MIAC values all ranges of asset classes, from prime to subprime and everything in between.

MSR Valuation

Residential Servicing Valuation

MIAC has insight into many different valuation methodologies that can create unique arbitrage opportunities for both buyers and sellers of servicing portfolios. Our professionals maintain a strong dialogue with many of the key individuals responsible for servicing valuations and acquisitions within their institution.

Commercial/Multifamily Servicing Valuation

All of the pricing and assumptions that MIAC uses in our MSR valuations are based on information obtained through actual market trades, industry surveys, and through our proprietary Generic Servicing Assets (GSAs™), a monthly virtual auction among active participants in the servicing marketplace on approximately 300 servicing asset classes. The MSR market pricing assumptions are used to generate the most appropriate cash flows and value them using the most common market pricing conventions. Valuations are performed at the loan level, or individual loans within a portfolio are classified and pooled into buckets of homogeneous characteristics such as note rate, product type, and the investor remittance schedule.

Whole Loan Valuation

Whole Loan Pricing

MIAC’s whole loan trading desk allows us to provide transparency surrounding normally opaque whole loan markets. Our integrated process utilizes both market feedback and modeling to ensure price accuracy.
MIAC uses a SIFMA compliant cash flow engine, which has the ability to handle macroeconomic scenarios, as well as shocks to both rates and assumptions. Models can be customized and implemented as agreed upon with the client.

Behavioral Modeling

MIAC’s suite of predictive behavioral models, CORE™,  are used in our whole loan pricing process:
  • Logistic regression using expansive data sets
  • Handles transitions through the delinquency to REO waterfall
  • Models exist for most major loan types
  • Can be configured to handle market perceptions

MSR Portfolio Valuation Services

  • OAS and Static Mark-to-Markets
  • Daily MSR Price Discovery – GSAs™
  • Sensitivity Testing
  • Impairment and Amortization Analytics
  • SRP State-level Reporting
  • Buyside Advisory
  • MSR Brokerage
  • MSR Hedging Analysis
  • Advanced Behavioral models – CORE™

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